Haryana's Leading NBFCs Driving Economic Growth"

Welcome to our blog on Haryana's top five Non-Banking Financial Companies (NBFCs). These institutions are champions of financial empowerment, significantly contributing to local and global sustainability goals. Through their innovative financial solutions, they help empower entrepreneurs, promote gender equality, and boost small industries across the state. Join us as we explore how each NBFC uniquely drives economic growth and social upliftment in Haryana.

1. Aadhar India Finvest Ltd

Head of Organisation: Mr. Anish Gupta

Aadhar India Finvest Ltd, under the leadership of Mr. Anish Gupta, has established itself as a pivotal player in promoting financial inclusion across Haryana. The company specializes in providing a range of financial products such as small business loans, personal loans, and loans for home improvements. These products are designed to meet the needs of underserved populations, particularly in rural and semi-urban areas where traditional banking services are limited. By empowering individuals and entrepreneurs with the financial means to improve their livelihoods, Aadhar India Finvest significantly contributes to SDG 8 (Decent Work and Economic Growth). The company's efforts in offering financial solutions also support SDG 1 (No Poverty) by providing the means for poverty alleviation through economic activity and self-sufficiency. The comprehensive approach taken by Aadhar India Finvest ensures that financial tools are accessible to those who are most in need, thereby fostering an inclusive environment for economic growth and development.

2. Mitrata Inclusive Financial Services Pvt Ltd

Head of Organisation: Dr. Aqueel Ahmed Khan

Mitrata Inclusive Financial Services, led by Dr. Aqueel Ahmed Khan, is committed to enhancing the financial well-being of women and marginalized communities in Haryana. This institution primarily offers microfinance services that enable clients to start or expand small businesses, thereby promoting entrepreneurship and job creation. These services are crucial in advancing SDG 5 (Gender Equality), as they empower women by providing them financial independence and greater agency in their personal and professional lives. Furthermore, Mitrata’s focus on inclusive finance aligns with SDG 10 (Reduced Inequalities) by bridging the economic gap within society and offering equal opportunities to all. The institution's commitment to sustainable development is also evident in its support for SDG 1 (No Poverty) through its poverty alleviation initiatives. By providing these tailored financial solutions, Mitrata plays a fundamental role in driving social and economic development within the communities it serves.

3. S V Creditline Ltd (SVCL)

Head of Organisation: Mr. Mahender Gupta

SV Creditline Ltd, under Mr. Mahender Gupta’s leadership, has been instrumental in providing microfinance products to rural and semi-urban populations in Haryana. The institution's focus on microfinance is particularly significant in supporting SDG 1 (No Poverty) and SDG 8 (Decent Work and Economic Growth) by offering financial services that foster small-scale entrepreneurship and create job opportunities. SVCL’s initiatives help individuals become economically active and improve their living standards, thereby contributing to the economic vitality of their communities. The company's services also support SDG 10 (Reduced Inequalities) by ensuring that financial products are accessible to all, regardless of their socio-economic status. By empowering individuals with the tools needed for economic advancement, SVCL enhances community resilience and ensures sustainable development.

4. Satin Creditcare Network Ltd (SCNL)

Head of Organisation: Mr. H.P Singh

Satin Creditcare Network Ltd, under Mr. H.P Singh's leadership, has grown to become one of the largest microfinance providers in India, with a significant presence in Haryana. SCNL offers a variety of financial services designed to improve the economic status of the underserved populations, focusing particularly on the economically active poor. Their work significantly contributes to SDG 1 (No Poverty) by providing essential financial services that enable individuals to establish and sustain businesses, leading to improved income levels and reduced poverty. Additionally, SCNL’s initiatives align with SDG 8 (Decent Work and Economic Growth) by promoting sustained economic growth and productive employment. The company also addresses SDG 5 (Gender Equality) by targeting financial services to women, thereby empowering them economically and promoting gender equality in financial access.

5. Taraashna Financial Services Ltd

Head of Organisation: Mr. Rajkumar Jayaswal

Taraashna Financial Services Ltd, led by Mr. Rajkumar Jayaswal, focuses on providing sustainable financial solutions to rural and underserved markets in Haryana. The company’s commitment to financial inclusion is crucial in promoting SDG 8 (Decent Work and Economic Growth) by supporting small and medium enterprises through financial services that enable growth and development. Taraashna’s efforts also support SDG 1 (No Poverty) as they help alleviate poverty by enhancing the economic capacities of individuals and businesses in these areas. Additionally, the company contributes to SDG 10 (Reduced Inequalities) by making financial services accessible to marginalized groups, thereby reducing economic disparities and fostering inclusive growth. Through their operations, Taraashna not only aids in the economic development of Haryana but also ensures that growth is sustainable and beneficial to all members of the community.

NBFC Impact On Haryana

These five NBFCs are vital contributors to the socio-economic landscape of Haryana, driving progress not just on a local scale but also contributing to global goals set by the United Nations. Through their dedicated efforts, they help pave the way for a more inclusive and prosperous society.